TL:DR;

• Crypto markets went through a more volatile end of the week, but larger investors seem unfazed as they keep accumulating two of the biggest tokens by market cap.
• The question now is whether XRP and DOGE will rebound swiftly, given the massive purchases completed by the so-called whales.

It was a rollercoaster of a week for the entire crypto market, with BTC surging past $102,000 at the start of it only to dump by more than ten grand within two days to a multi-week low.

The altcoins followed suit, as DOGE, for example, stood close to $0.4 at one point this week but then plunged toward $0.31, representing a 22% retracement.

XRP went above $2.5 briefly on January 4 and to $2.47 on January 7, but the market-wide correction pushed it to a low of $2.2 on January 9 before it calmed to around $2.33 in the past 24 hours.

Such enhanced fluctuations tend to scare off certain investors, especially retail, but that has not been the case with whales. Data from Santiment, shared by Ali Martinez, show that XRP and DOGE whales went on an accumulation spree amid this market uncertainty.

Those holding the largest meme coin by market cap increased their stash by adding more than 470 million DOGE in 48 hours alone. In USD terms, this would put the total accumulation at about $150 million, with an average price of $0.33 per token.

The XRP case is even more bullish as whales purchased more than a billion tokens within the same timeframe. An average price of around $2.3 puts this two-day acquisition at $2.3 billion.

Whales bought roughly 1 billion $XRP in the last 48 hours! pic.twitter.com/XUlibpXkz5

— Ali (@ali_charts) January 10, 2025

It’s worth noting that both assets reacted to this market-wide crash in a less painful manner compared to the previous one at the end of 2024, when BTC slumped toward $91,000 once again.

Back then, XRP tumbled hard, slipping below $2 on a couple of occasions. So far, during this correction, the token’s low was 10% higher at $2.2, perhaps assisted by the aforementioned large purchases.

DOGE’s scenario was similar as it plummeted to just over $0.26 on December 30, while its bottom now came at over $0.31.

Consequently, it’s safe to say that the whale accumulations helped both assets during the crash, and they could have an even greater effect if they continue and the market rebounds in the next few days.

There’s never a dull moment in crypto – especially when it comes to meme coins. After yesterday’s marketwide dip, DOGE is down -10% and PEPE has dropped by -11% in the last 24 hours.

This activity is really shaking the markets, generating $5.9 billion in trading volume for Dogecoin and almost $2 billion for Pepe. Sentiment is bearish, at least for the short term, as the markets digest the latest moves and traders try to work out where things go next.

However, its not all doom and gloom for meme coin enthusiasts, as two major ICOs are continuing to show bullish momentum.

Meme Coin Market Stalls, DOGE and PEPE Take a Hit

The meme coin market is largely driven by community sentiment and belief – so when uncertainty strikes, emotions can quickly take over. During bearish conditions, many traders and investors are quick to panic, creating dips that bulls immediately look to take advantage of.

Looking at Dogecoin’s daily price chart, we can see this story playing out already:

From a double bottom over a confluence of support lines, and a pump that quickly lost momentum and led to yesterday’s dip, it’s clear that DOGE holders are torn over where the price of this leading meme coin is headed.

Dogecoin price action is very similar to one year ago. In November 2023, $DOGE traded up, then dropped and consolidated before a major move up in 2024. In November 2024, Doge traded up higher, then dropped and is now consolidating. Next is a major move up in 2025. pic.twitter.com/QvMPxh7Bbw

— KrissPax (@krisspax) January 8, 2025

However, we should note that the confluence of two support lines (one horizontal around $0.29, and a diagonal line forming a bullish ascending triangle) remains in place here. This means that despite yesterday’s drop, DOGE still has plenty of power left. Bulls will look to push DOGE back to $0.485 and beyond, and they have a good chance of achieving that goal right now.

As for Pepe, a very different scenario is emerging, but it still has a bullish angle left to play for:

PEPE has shown significantly more weakness than DOGE, making it appropriate to analyse this chart with more of a focus on the bearish side of things. By forming a descending triangle pattern, PEPE is challenging bulls to maintain the asset’s primary support level at $0.00001655.

If they succeed, PEPE bulls can then have a shot at breaking the descending triangle’s red resistance line. This would ignite a new pump, with $0.00002833 as the target.

Early days of $PEPE vs. early days of $SHIB pic.twitter.com/wpDsewVaoR

— Chandler⚡️ (@ChandlerCharts) January 7, 2025

Taken together, DOGE and PEPE are demonstrating exactly how divided meme coin market sentiment currently is.

This saga looks ready to continue well into February and March – so right now, investors who are searching for greater certainty should check out a pair of tokens making waves through their market-beating ICOs.

Many former DOGE and PEPE holders are now rotating their profits into these coins, and this trend is going to continue for the foreseeable future.

Wall Street Pepe ICO Raises $44m in One of the Fastest Growing Meme Coin Presales

During uncertain times, the belief of even the most experienced crypto traders and investors can be shaken. Wall Street Pepe ($WEPE) is the perfect solution to this, as its token holders are joining forces as the WEPE Army.

Through the Wall Street Pepe project and community, WEPE holders will gain unparalleled access to top alpha calls, trading insights, and market-beating strategies. This will give them the best possible chances of outperforming even top Wall Street veterans, market makers, and crypto whales – who until now have determined the ultimate course of the markets.

The WEPE presale has now raised over $44 million, with tokens priced at $0.00036644 and a staking APY of 29% available for early investors who want to generate passive income.

Now that frog coins like Pepe Unchained and the original Pepe have proven the strength of the “frog coin” narrative, Wall Street Pepe and its constantly growing army of investors seem ideally positioned to pump.

Visit Wall Street Pepe Presale

Flockerz ICO Nears $10m Raised With 14 Days Left to Enter

Very few meme coin projects have genuine long-term viability – but the utility of new token Flockerz ($FLOCK) has seen it race to almost $10m in its ongoing presale.

The Flockerz community (also known as “The Flock”) will gather within a DAO called FlockTopia, where they can use their FLOCK tokens to determine how the project develops through a unique voting mechanism. Known as “Vote-to-Earn” (or “V2E”), this system rewards FlockTopia voters with even more FLOCK tokens, giving a louder voice to the most engaged participants and driving a passionately active community.

Thanks to high-flying tokens like PENGU, bird-themed meme coins are starting to distinguish themselves and attract major investors, including whales. FLOCK is certainly benefiting from this narrative, and presale investors are also enjoying the extra gains provided by the project’s staking protocol – which has a huge 297% APY.

In just 13 days, the Flockerz ICO will come to an end, and the token’s current discounted price of $0.0066351 will be a distant memory.

Visit Flockerz Presale

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TL:DR;

• Investors with lots of conviction for certain assets tend to utilize deep corrections to stack more of those coins, and this seems to be the case in regards to the two of the largest cryptocurrencies – DOGE and XRP.
• On-chain data shows that large wallets poured millions into both during the recent market meltdown.

The market-wide crash that began in the middle of the business week caught many by surprise, given the billions of dollars worth of liquidations that were evident on a couple of occasions.

All crypto assets headed south vigorously, with BTC leading the way by plummeting from over $108,000 on Tuesday to $92,000 on Friday. As it typically happens, the altcoins were not sparred, just the opposite.

Dogecoin and Ripple were among the worst-performing assets at one point. The largest meme coin stood north of $0.41 before the correction began but dumped by over 35% to its low on Friday of $0.26.

XRP’s price plummet was almost identical as the asset came crashing down from $2.72 on Tuesday to $1.96 – a 28% drop. However, both have bounced off since those lows, with DOGE trading close to $0.34 (30% higher) and XRP at $2.3 (up by 17%).

On-chain data shared by the popular crypto analyst Ali Martinez shows that whales tracking both assets didn’t sit on the sideline but actually went on an accumulation spree. In Ripple’s case, they stacked up on 80 million tokens since the retracement began on December 17.

Whales bought 80 million $XRP since the price correction began on December 17! pic.twitter.com/nakUKEIzYC

— Ali (@ali_charts) December 20, 2024

Dogecoin whales also opened up their wallets by accumulating over 250 million DOGE. Such big purchases tend to positively impact the underlying assets’ prices due to the declining immediate sell pressure.

Whales bought over 250 million #Dogecoin $DOGE during the recent market dip! pic.twitter.com/qH7JSkkdhK

— Ali (@ali_charts) December 21, 2024